2 Bedroom Median Rental Cost

Tracking the median rental cost in the region is crucial to understanding housing affordability and whether we’re meeting the coalition’s goal. If rental prices are rising faster than incomes, it pushes more households into cost-burdened situations, where they spend more than 30% of their income on rent. Monitoring the median rental cost helps us assess whether there is enough housing available at many price levels and guides our efforts to increase the supply of attainable rentals, ensuring we stay on track toward our broader affordability goals.